Unfair Loans
PRIME CAPITAL
Adero Law is currently investigating and actively pursuing claims against Prime Capital Securities Pty Ltd (ACN 623 195 871) and its related entities (such as Capital Securities Pty Ltd) for allegations of unfair lending practices, breaches of the National Credit Code, and unconscionable conduct. Adero’s investigations concern loans purportedly given for ‘business’, ‘commercial’, or ‘working capital’ purposes, where the actual purpose of the loan was for either:
01
personal, domestic or household purposes
02
To purchase, renovate or improve residential property for investment purposes; or
03
To refinance credit that has been provided wholly or predominantly to purchase, renovate, or improve residential property for investment purposes.
Adero is also investigating genuine loans given to small businesses on unfair terms. These loans are often mortgaged over the guarantor’s home, which may be repossessed on default of the loan after incurring high rates of interest.
OTHER UNFAIR LENDING PRACTICES
Adero Law is also currently investigating claims against:
- other commercial and unregulated lenders for unfair lending practices, breaches of the National Credit Code, and unconscionable conduct; and
- financial and legal advisors for negligence and breaches of the Australian Consumer Law in providing advice and services in relation to such loans;
including in relation to loans given to small businesses on unfair terms;
These loans are often mortgaged over the borrower’s or guarantor’s home, which may be repossessed on default of the loan after incurring high rates of interest.
HOW TO PARTICIPATE
If you, or someone you know, have borrowed or guaranteed an unfair loan, register today to find out if you have a claim, or contact unfairloans@aderolaw.com.au.
Frequently asked Questions
Adero is currently in the process of undertaking investigations required to understand the viability of a potential actions. At this stage, Adero asks you to register your interest should you be interested in participating in future action.
Adero will not use or disclose you information except in accordance with the Australian Privacy Principles. Adero will store its data in its systems and will not use that material for any unrelated purpose or disclose it to any third-party. The information we procure is also subject to legal professional rules that Adero Law adheres to.